{
  "urn": "urn:us-la:civcode:art:2778",
  "article_number": "2778",
  "heading": "Annuity contract; definition",
  "text": "An annuity contract is an agreement by which a party delivers a thing to another who binds himself to make periodic payments to a designated recipient. The recipient's right to these payments is called an annuity.\n\nA contract transferring ownership of a thing other than money for a certain or determinable price payable over a term is not an annuity contract.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "book",
      "number": "III",
      "name": "Of the Different Modes of Acquiring the Ownership of Things"
    },
    {
      "level": "title",
      "number": "X",
      "name": "Annuities"
    },
    {
      "level": "chapter",
      "number": "1",
      "name": "Annuity Contract"
    }
  ],
  "breadcrumb": "Book III › Title X › Chapter 1",
  "acts_citations": [
    {
      "act_year": 2012,
      "act_number": 258,
      "section": 1,
      "effective_date": "2013-01-01",
      "effective_date_raw": "Jan. 1, 2013",
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 2012, No. 258, §1, eff. Jan. 1, 2013.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=109843",
  "website_law_id": 109843,
  "scrape_timestamp": "2026-05-20T14:14:58Z",
  "source_html_hash": "sha256:7a45b32c71365f32ef7509dcba548e50b83da1560b8502cc804cc52f2addd6dc",
  "schema_version": "1.0.0"
}